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Inspection of Financial Institutions Act, 1998 (Act No. 80 of 1998)

2. Appointment of inspectors

 

 

1) The registrar may from time to time appoint inspectors under this Act.

 

2) An inspector appointed under subsection (1) must, upon appointment, be issued with a certificate of appointment signed by the registrar.

[Subsection 2 amended by section 147 of Act No. 45 of 2013]

 

3) When an inspector exercises any power or performs any duty in terms of this Act, the inspector must be in possession of a certificate of appointment issued under subsection (2), and must produce the certificate of appointment at the request of any person in respect of whom such power is being exercised.

[Subsection 3 amended by section 147 of Act No. 45 of 2013]

 

4) An inspector may, with the consent of the registrar, appoint any person to assist him or her in carrying out an inspection.